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One pound in every seven spent on police in England and Wales goes on paying
officer pensions, according to a report published today. The overall cost of
police pensions has risen to almost £2.5 billion a year as rising life
expectancy means officers, who can retire after 30 years’ service, are
drawing their pensions for longer, according to the report from Policy
Exchange.

Edward Boyd, author of the report, said: “A growing pensioner population,
primarily down to increased life expectancy coupled with only minimal
changes in the retirement age, has increased costs substantially over the
last decade.